EML plunges again, ASX posts tiny loss

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The S&P/ASX 200 Index falls 1.6 points to 6789.9; EML Payments fell 22.1 per cent to 93¢ and Genex Power rallied 44.4 per cent to 19.5¢.

P/ASX 200 Index fell 1.6 points to 6789.9 on Monday, and the All Ordinaries fell less than 0.1 per cent to 7006.4.

Demand remains strong, although supply chain challenges, rising freight costs and acquisition costs affected profit margins over the half year, Dicker Data said. RBC also expects South32 to declare a $US150 million special dividend when it reports full-year results in August.Oz Minerals stuck to its guidance for copper production between 120,000 and 135,000 tonnes in 2022. It cut its copper forecast on June 27, blaming labour shortages and poor weather. Total revenue for the six months to June 30 was $909 million. The miner fell 3.7 per cent to $17.

 

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